Financial and insurance services

Insurance companies operating in Japan repaid some of the losses.

(k) Promote the development of financial risk sharing mechanisms, particularly insurance and reinsurance against disasters.

Insurance companies have not penetrated many of the regions that suffered the greatest losses.

D5 (bank accounts and securities) losses

Look no further than the insurance industry as they struggle to cope with mounting catastrophic losses from extreme weather events.

The huge losses on derivate transactions were generated by AIG s financial products unit.

The Ministry of Finance monitors persons trading in precious metals and precious stones, insurance and reinsurance companies, mutual assurance associations and insurance brokers

The financial benefits provided by the different branches of the insurance schemes are

The ensuing losses will aggravate the financial turmoil and economic contraction.

It is also important that all losses or damaged goods are reported to enable OPS to submit insurance claims promptly.

From 1994 onwards, financial institutions such as banks, finance and insurance companies were included.

But if individuals can do tests from which insurance companies are barred, and if those who receive adverse genetic information then buy additional life insurance without disclosing the tests that they have taken, they are cheating other holders of life insurance. Premiums will have to increase to cover the losses, and those with a good genetic prognosis may opt out of life insurance to avoid subsidizing the cheats, driving premiums higher still.

Insuring Against Insurance

Total financial losses including possibly 1 trillion in mortgages and related securitized products could be as high as 1.7 trillion.

Similarly, humans tend to accept large downside risks in order to avoid small certain losses, such as insurance premiums.

Translator's note The Convention has no article 18 (b) as such article 18 has four numbered paragraphs, with paragraphs 1 to 3 each having a subparagraph (b).

When banks and other financial institutions get into trouble, private losses are transferred explicitly or implicitly to the government s balance sheet.

It is countries like the US and Britain, with politically dominant financial sectors competing to take over financial leadership of the world, that suffered the heaviest losses.

Over the next decade, we might expect that a broad spectrum of insurance, lending, and securities companies will become involved.

Major sectors of the Jamaican economy include agriculture, mining, manufacturing, tourism, and financial and insurance services.

The advantage of a par bond is that Greece s creditors banks, insurance companies, and pension funds would be able and allowed to continue valuing their Greek bonds at 100 cents on the euro, thereby avoiding massive losses on their balance sheets.

Following a well blow out, Magma claimed losses for US 12.5 mil from Tugu under the policy.

Indeed, adding up all these losses in financial markets, the sum will hit a staggering 1 trillion.

In Asia, more or less half of the net financial transfer of 48 billion covers such losses.

190. The loss to the Organization resulting from the reported financial irregularities and thefts amounted to 189,090.

Activities include insurance and annuities, life insurance, retirement insurance, health insurance, and property casualty insurance.

During 1993, the supervisory and administrative functions of the insurance and offshore companies had been transferred to the Financial Services Centre, under the control of the Director of Financial Services.

Losses

We have seen the closure of banks, financial institutions and insurance companies the past several months in the US, Europe and lately Japan as a result of the global financial crisis.

THE STAND ALONE CLAIMS Applying the procedures described above, the Panel has reviewed the stand alone claims according to the nature and type of loss identified.

A very likely downgrade of these insurers credit ratings will force banks and financial institutions that hold these risky assets to write them down, adding another 150 billion to the financial system s mounting losses.

Insurance?

The total insured property loss of Katrina, 34.4 billion according to an insurance industry estimate, even if expanded to represent uninsured losses, represents a miniscule fraction of world wealth.

24. Provisions related to personal responsibility are also included in financial rules 109.5 on losses of cash or negotiable instruments, 110.14 on the writing off of cash and receivables and 110.15 on the writing off of losses of property.

If the losses are big enough that existing equity and debt holders are wiped out, government insurers should make up the difference to protect depositors.

A National Housing Fund has been established and all workers, financial institutions and insurance companies are mandatorily required to contribute to the Fund.

(b) Ad hoc expert groups a meeting will be convened on prudential insurance regulation in developing countries (1995).

Profit (loss) for

Write off of losses of property

All other staff members are covered by the United Nations Office at Geneva insurance scheme or the United Nations Staff Mutual Insurance Society, whose operations are reflected in the United Nations financial statements.

All other staff members are covered by the United Nations Office at Geneva (UNOG) insurance scheme, the United Nations Staff Mutual Insurance Society (UNSMIS) whose operations are reflected in the United Nations financial statements.

It provides specific guidance for insurance supervisors and the insurance sector.

Governments cover the losses and as a result the quot guardian authorities quot have pressured the ECAs to be more cautious in underwriting exports than in the past. 17 See Malcolm Stephens, quot Export finance as a source of funding for developing countries quot , in Development Issues Presentations to the 46th Meeting of the Development Committee (Washington, D.C., World Bank, May 1993), pp. 195 200.

Financial regulation is driven by the interests of banks, health policy by the interests of insurance companies, and tax policy by the interests of the rich.